OCBC's profit rose 12% on lending, wealth and insurance

Oversea-Chinese Banking Corp., Southeast Asia’s second-largest lender, reported higher third-quarter profit on increased revenue from its lending, wealth management and life-insurance businesses.Net income rose 12 percent to S$1.06 billion (780 million dollars) in the three months ended September 30, the Singaporean bank said in a filing on Thursday.

26 October 2017

Singapore's OCBC to boost research in Hong Kong

Singapore’s second-largest lender has decided that the best place to expand its research is the country’s rival market Hong Kong.Oversea-Chinese Banking Corp. plans to add coverage of 60 Hong Kong-listed stocks, with 14 to 20 started by year-end, according to Carmen Lee, its head of research.

25 October 2017

This lowball Singapore takeover takes some explaining

If he were alive today, the rubber and pineapple king of 1930s Singapore would surely be asking whether the custodians of his empire just sold another chunk of it too cheaply.That's the unavoidable conclusion from the drama surrounding the takeover of United Engineers, where a general offer is flirting with failure after the emergence of a rival buyer willing to pay more than the price accepted by OCBC (Oversea-Chinese Banking Corp).United Engineers, a property and construction engineeri

13 September 2017